What is the cost of living in Inverness, FL?
According to the most recent data on the cost of living, Inverness has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Florida, Inverness has a cost of living index that's 0.9x lower than Florida's index of 104.
The standard of living in Inverness ranks as #31 most affordable out of the 462 places we measured in Florida. By definition, that implies Inverness ranks as the #431 most expensive place in the Sunshine State.
For more reading on life in Inverness, check out:
Inverness Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Inverness. Here is how it fares on each of the criteria:
The Services index in Inverness is 104.
The Groceries index in Inverness is 108.
The Health index in Inverness is 66.
The Housing index in Inverness is 107.
The Transportation index in Inverness is 107.
The Utilities index in Inverness is 105.
| Living Expense | Inverness | Florida | National Average |
|---|---|---|---|
| Overall | 93 | 104 | 100 |
| Services | 104 | 101 | 100 |
| Groceries | 108 | 105 | 100 |
| Health | 66 | 99 | 100 |
| Housing | 107 | 104 | 100 |
| Transportation | 107 | 109 | 100 |
| Utilities | 105 | 105 | 100 |
Inverness Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Inverness Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Inverness, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Inverness is $239,816.
The Median Rent in Inverness is $975.
The Median Income in Inverness is $43,523.
The Home Value To Income in Inverness is 5.5x.
The Rent To Monthly Income in Inverness is 0.27x.
Inverness, FL Costs By Category
Detailed Inverness Services costs vs. Florida
Detailed Inverness Groceries costs vs. Florida
Detailed Inverness Health costs vs. Florida
Detailed Inverness Transportation costs vs. Florida
Inverness SnackAbility
Cost Of Living In Cities Around Inverness
The cost of living varies in the cities and towns around Inverness. Here's a quick look at the cost of living in the most populous nearby places:
Spring Hill, FL has a cost of living index of 101, 1.1x Inverness.
The Villages, FL has a cost of living index of 120, 1.3x Inverness.
Wesley Chapel, FL has a cost of living index of 116, 1.2x Inverness.
| City | Population | Cost Of Living | Vs. Inverness |
|---|---|---|---|
| Spring Hill, FL | 119,983 | 101 | 1.1x |
| The Villages, FL | 83,498 | 120 | 1.3x |
| Wesley Chapel, FL | 76,011 | 116 | 1.2x |
| Winter Garden, FL | 47,872 | 119 | 1.3x |
| Land O' Lakes, FL | 38,910 | 117 | 1.3x |
| Lutz, FL | 27,106 | 122 | 1.3x |
| Tavares, FL | 20,463 | 101 | 1.1x |
| Trinity, FL | 18,907 | 129 | 1.4x |
| Lady Lake, FL | 16,675 | 103 | 1.1x |
| Cheval, FL | 13,969 | 122 | 1.3x |
